Wall Street Zen Upgrades Comtech Telecommunications (NASDAQ:CMTL) to “Hold”

Comtech Telecommunications (NASDAQ:CMTL) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Comtech Telecommunications in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Comtech Telecommunications currently has an average rating of “Hold” and an average target price of $6.00.

Comtech Telecommunications Stock Performance

NASDAQ:CMTL opened at $3.55 on Friday. Comtech Telecommunications has a 52 week low of $1.19 and a 52 week high of $6.21. The firm has a 50-day moving average price of $4.89 and a two-hundred day moving average price of $4.08. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.23 and a current ratio of 1.69. The firm has a market cap of $105.54 million, a price-to-earnings ratio of -1.59 and a beta of 1.23.

Comtech Telecommunications (NASDAQ:CMTL) last announced its earnings results on Monday, March 16th. The communications equipment provider reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.12. The firm had revenue of $106.76 million for the quarter, compared to the consensus estimate of $113.85 million. Comtech Telecommunications had a return on equity of 50.25% and a net margin of 2.60%. On average, equities analysts expect that Comtech Telecommunications will post -2.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Comtech Telecommunications

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP increased its stake in shares of Comtech Telecommunications by 2.5% in the fourth quarter. Royce & Associates LP now owns 1,631,098 shares of the communications equipment provider’s stock worth $8,629,000 after purchasing an additional 40,400 shares in the last quarter. QVT Financial LP lifted its stake in shares of Comtech Telecommunications by 41.4% during the 4th quarter. QVT Financial LP now owns 1,392,352 shares of the communications equipment provider’s stock valued at $6,997,000 after buying an additional 407,998 shares in the last quarter. Marshall Wace LLP boosted its holdings in Comtech Telecommunications by 91.4% in the 4th quarter. Marshall Wace LLP now owns 735,775 shares of the communications equipment provider’s stock worth $3,892,000 after buying an additional 351,318 shares during the period. MML Investors Services LLC boosted its holdings in Comtech Telecommunications by 28.0% in the 4th quarter. MML Investors Services LLC now owns 410,596 shares of the communications equipment provider’s stock worth $2,172,000 after buying an additional 89,755 shares during the period. Finally, Geode Capital Management LLC grew its stake in Comtech Telecommunications by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 338,589 shares of the communications equipment provider’s stock valued at $1,792,000 after buying an additional 3,411 shares in the last quarter.

About Comtech Telecommunications

Comtech Telecommunications Corporation (NASDAQ:CMTL), founded in 1969 and headquartered in Melville, New York, is a leading global provider of advanced communications solutions. The company designs, develops, and deploys equipment, systems, and services that enable secure and reliable transmission of voice, video, and data. Over its history, Comtech has built a reputation for innovation across satellite communications, wireless data systems, and public safety networks, serving both commercial and government customers worldwide.

Comtech operates through two primary business segments: Commercial Solutions and Government Solutions.